Why Europe is Building a $34BN Transport Mega-Hub
Infrastructure 30 Apr 2025
The Palace of Westminster is one of the world's most recognizable landmarks and the heart of British democracy. Yet behind its iconic neo-Gothic facade, the building is in a state of critical, managed decline. Decades of piecemeal repairs and underfunding have left the estate vulnerable to structural failure, sewage leaks, crumbling masonry, and catastrophic fire.
Currently, maintenance teams carry out more than 2,900 emergency repairs every month costing taxpayers £1.5 million every week just to keep the building open.
The $16.8BN advanced chip factory called Terafab is planned for Tesla and SpaceX in Grimes County, Texas, and could extend over 9.2M square metres.
The project will upgrade the 1996 venue with expanded fan concourses, new indoor-outdoor gathering spaces and a social deck overlooking the city.
Designed by Foster + Partners, the $4.5BN supertall skyscraper will rise 431-metres above Midtown East with Citadel as anchor tenant.